Jo Indian companies research aur innovation par kharcha karti hain, unhone investors ko maala-maal kar diya hai. Top innovation-focused stocks ne **32.5%** ka return diya hai, jabki NSE 500 sirf **13.7%** par khada hai.
Innovation ka dhamaka!
Market mein wahi shares bhaag rahe hain jo future ke liye taiyari kar rahe hain. April 2021 se September 2026 ke beech, aisi 27 companies jinhone apni sales ka 2% se zyada hissa R&D mein daala, unhone average 32.5% return diya. Compare karein toh NSE 500 Total Return Index ne sirf 13.7% return diya hai. Saaf hai ki innovation par kharcha karne wali companies ka jalwa hai.
Wealth creation ka formula
Ek aur group hai—130 aisi companies jinhone apni research spending ko 20% CAGR se badhaya, unhone bhi investors ko 23.5% ka average return diya hai. Aisi companies product differentiation mein aage rehti hain aur price wars se bach jaati hain, isliye market inko premium valuation deta hai.
Lekin asli tension kya hai?
Sab kuch itna rosy nahi hai. Desh ki 2,000 se zyada listed firms mein se sirf 28 aisi hain jo 5% se zyada revenue research mein daalti hain. FY16 mein jo research intensity 0.64% thi, wo FY26 tak ghat kar 0.56% ho gayi hai. Corporate boards short-term profit margins bachane ke chakkar mein long-term growth se samjhauta kar rahe hain.
Global competition mein kahan hain hum?
India ka total R&D spend GDP ka sirf 0.84% hai. Compare karein toh China (2.7%), US (3.4%) aur Israel (6.8%) humse bahut aage hain. Agar humne tech aur innovation mein paisa nahi lagaya, toh global race mein piche rehne ka khatra hai.
Investors ke liye lesson
Sirf quarterly results mat dekho. Check karo ki management R&D mein paisa daal rahi hai ya nahi. Jo company aaj research mein invest kar rahi hai, wahi kal ka multi-bagger banne ka dam rakhti hai.